Amazon now world’s third-most valuable company

Published Date :
15-Feb-2018 10:53:22 IST

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With a market cap of $702.5 billion, Amazon has become the third most valuable company in the world, racing past Microsoft, which has a market cap of $699.2 billion. According to a report in The New York Post, Amazon stock surged 2.6 per cent on Wednesday, taking the company’s market cap ahead of Microsoft for the first time. Apple tops the list with $849.2 billion market cap, followed by Google’s parent company Alphabet at $745.1 billion.